Student Loan Debt: A Shift in Financial Policy in the 1990s

The primary purpose of this study was to obtain and analyze loan percentages and average amount of loans per undergraduate student at bachelor degree-granting institutions across eight geographical regions. The study used the Integrated Postsecondary Education Data System (IPEDS) to obtain data from 649 bachelor degree-granting institutions using the criteria, loan percents and loan amounts per student. The study compiled data from 4-year public institutions. The study compared loan percentages and average loan amounts across eight geographical areas. Data were extracted from IPEDS for the 2010 year, which, at the time of this study, was the most recent IPEDS dataset available. Descriptive analysis was used to obtain sample size, means, and standard deviations. Multivariate homogeneity of variance between groups using the Leven's test was conducted with a significance of .005. A multivariate analysis of variance (MANOVA) was used to compare the eight geographic regions with two dependent variables. A significance level of .05 was employed for the analysis. Post hoc analyses were conducted using a Tukey HSD test. A Tukey post hoc test was computed to compare each group to the other groups. When there was a significant difference between groups, the post hoc tests were performed to determine which specific independent variables significantly differed.

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The primary purpose of this study was to obtain and analyze loan percentages and average amount of loans per undergraduate student at bachelor degree-granting institutions across eight geographical regions. The study used the Integrated Postsecondary Education Data System (IPEDS) to obtain data from 649 bachelor degree-granting institutions using the criteria, loan percents and loan amounts per student. The study compiled data from 4-year public institutions. The study compared loan percentages and average loan amounts across eight geographical areas. Data were extracted from IPEDS for the 2010 year, which, at the time of this study, was the most recent IPEDS dataset available. Descriptive analysis was used to obtain sample size, means, and standard deviations. Multivariate homogeneity of variance between groups using the Leven's test was conducted with a significance of .005. A multivariate analysis of variance (MANOVA) was used to compare the eight geographic regions with two dependent variables. A significance level of .05 was employed for the analysis. Post hoc analyses were conducted using a Tukey HSD test. A Tukey post hoc test was computed to compare each group to the other groups. When there was a significant difference between groups, the post hoc tests were performed to determine which specific independent variables significantly differed.